Domain not in remote thumbnail source whitelist: actionnetwork.org
from Americans for Tax Fairness Action Fund
A democracy where billionaires can buy power is not a democracy at all. Just 100 billionaire families spent a staggering $2.6 billion to influence the 2024 presidential and congressional elections. That’s more than one in every six dollars spent in all federal races last year. Their donations were funneled through super PACs that let them skirt contribution limits and flood our political system with cash. (They spent an unknown amount more through “dark money” groups.) This billionaire takeover of our politics was supercharged by the Supreme Court’s disastrous Citizens United decision, which opened the floodgates to big money in politics. The result? A political system increasingly tilted in favor of the ultra-rich, where regular Americans are left without a voice. Billionaire money doesn’t come without strings. Elon Musk, who contributed a record-breaking $278 million to Trump’s reelection efforts, has been rewarded with an unprecedented level of control over federal policy, including targeting regulatory agencies that could affect his business empire. This is what plutocracy looks like. Enough is enough. When billionaires pay more of their fair share in taxes, they have less left over to pollute our politics. We must tax the total income of billionaires, including wealth gains; and we must end the corrupting influence of big money in campaigns by overturning Citizens United and strengthening campaign finance laws. Add Your Name to Tell Congress: Get billionaire money out of politics. Our democracy depends on it.